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HomeNationalPRESIDENT DR. ARIF ALVI ORDERS FIO TO SAFEGUARD PUBLIC AGAINST MIS-SELLING OF...

PRESIDENT DR. ARIF ALVI ORDERS FIO TO SAFEGUARD PUBLIC AGAINST MIS-SELLING OF INSURANCE POLICIES

Islamabad: Pakistan ke President Dr. Arif Alvi ne FIO se darkhwast ki hai ke insurance companies ko policy purchase ko policy bechne se pehle interest conflict ko bayan karein.

Ye order unho ne ek takaful company ke mukhalif decisions ke khilaf ek representation darj karne par diya tha. FIO ne company ko complainant ko 4.3 million rupay denay ka hukum diya tha, lekin President ne is order ko modify kar ke company ko 4.5 million rupees wapas karne ka hukm diya.

President ne insurance policies ki grave mis-selling aur agents ke front-loaded commissions ko le kar concern show ki aur darkhwast ki ke agents ke commission ko policy bechne se pehle disclose kiya jaye.

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